Brockton Estate Planning Attorney

No matter your age, wealth, or status in life, creating an estate plan is an act of wisdom and responsibility, not just for yourself but for the stable future and finances of your loved ones. With a comprehensive estate plan, you can rest assured that your hard-earned assets are protected and also can be used to serve the unique needs of your family for generations to come. In these legal arrangements, it is wise to seek the counsel and assistance of a Brockton estate planning attorney.

At Albanese Law, LLC, we are not just here to act as your estate planning lawyer, but also to become fully committed to the protection of your legacy. We understand that your assets might come under threat from the costs of healthcare, special needs care, creditors, and even state or federal tax liabilities, and want to help ensure you have use of smart estate planning strategies to protect your assets and the future of your family.

We can work closely with you to ensure that your estate plan reflects both your life circumstances and your unique goals and purposes so that your legacy is protected for generations, even once you are gone.

Common Tools Offered in a Comprehensive Estate Plan

At Albanese Law, LLC, we believe that everyone over the age of 18 should consider planning for the inevitable future and establish a legal and authoritative estate plan. We are also firm believers in the idea that there is no one-size-fits-all estate plan and that each plan should be tailored to fit your unique goals and wishes as its creator. With that said, there are several tools at your disposal that can be used to create this comprehensive estate plan, including:

• Last Will and Testament: This is the most commonly used estate planning tool and works to allow you to dictate how your assets and property will be distributed upon your death. It will also allow you to name guardians for any surviving minor children and help you establish an executor to manage your estate following your death.

Without this document, the probate court will make these decisions on your behalf, and they may not align with your wishes. Having the probate court make these decisions can additionally keep your assets from being protected in the way you wish them to be.

• Health Care Proxy: These estate planning tools can be extremely beneficial and will allow you to name a certain individual or representative who can make certain healthcare or medical decisions on your behalf should you become incapacitated and unable to do so on your own in the event you suffer an injury, illness, or other age-related condition.
• Revocable Living Trust: This form of trust can be made in place of a will or in conjunction with one and will allow you to place assets, funds, and property holdings into a trust that you can continue managing throughout your lifetime. With a trust in place, you may be able to avoid probate and certain tax liabilities, both of which can save your beneficiaries time and money and allow them privacy following your death.
• Irrevocable Trust: This type of trust cannot be modified, updated, or revoked during your lifetime and can also help your family members avoid probate. This can be a vital estate planning tool for individuals wishing to provide for the care of a loved one with special needs, to help plan for any personal long-term care, or to protect assets from creditors.
• Guardianships: This tool in estate planning allows you to protect an adult child or a minor child who is unable to care for themselves due to a physical or mental illness or serious injury by appointing them a legal guardian who can be entrusted with their overall care and well-being.
• Durable Power of Attorney: Similar to a healthcare proxy but with subtle differences, a durable power of attorney is a legal document that allows you to appoint a trusted individual or representative to control and manage all personal, business, financial, or medical affairs if you become impaired and unable to make these decisions for yourself.

How the Attorneys at Albanese Law, LLC Can Help

When you work with the team at Albanese Law, LLC, you can rest assured in the fact that we have the experience, knowledge, and resources necessary to help ensure your legacy and assets are protected, and the financial stability of your loved ones has been provided for. Over the years, we have worked with countless clients to establish a comprehensive estate plan that fits their unique goals, purposes, and life circumstances. Our estate planning services include:

• Assisting you in the drafting of wills
• Helping you protect your Medicaid benefits
• Helping with the drafting and execution of legal trust documents
• Creating power of attorney documents
• Estate tax planning
• Services and representation regarding elder law
• Representing you in appointing guardianships or conservatorships

What Is the Purpose of Having an Estate Plan?

Having a comprehensive estate plan can serve many purposes. These purposes can include the following:

• Can ensure that your assets are distributed amongst intended heirs according to your desires
• Help appoint a trusted guardian for any minor or special needs children or elderly relatives you may currently have care of
• Providing monetary support for minor or disabled children
• Ensuring that your surviving spouse and children can continue to receive the necessary support and income from your estate
• Minimize certain taxes that may be levied against your estate
• Dictate your desires in the event of a healthcare emergency
• Can assist in helping you leave funds to a charitable organization of your choosing
• Save your loved ones the time and money involved in a probate process

Speak with a Trusted Brockton Estate Planning Lawyer Today

At Albanese Law, LLC, we believe that everyone should have access to the establishment of a detailed estate plan that can protect their legacy for years to come. We can advise our clients on the correct ways to establish these plans and help them better understand the legalities often involved to save both time and money down the road. Today is the right day to start creating your estate plan, so contact our offices and schedule a consultation.